Price for Wood; Statuettes and Other Ornaments of Wood in Estonia - 2022

Contents:

1. Price for Wood; Statuettes and Other Ornaments of Wood in Estonia (FOB) - 2022
2. Price for Wood; Statuettes and Other Ornaments of Wood in Estonia (CIF) - 2022
3. Exports of Wood; Statuettes and Other Ornaments of Wood in Estonia
4. Imports of Wood; Statuettes and Other Ornaments of Wood in Estonia

Price for Wood; Statuettes and Other Ornaments of Wood in Estonia (FOB) - 2022

The average export price for wood; statuettes and other ornaments of wood stood at $33,066 per ton in December 2021, which is down by -31.4% against the previous month. Overall, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in May 2021 an increase of 191% month-to-month. Over the period under review, the average export prices reached the peak figure at $64,411 per ton in August 2021; however, from September 2021 to December 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Germany ($143K per ton), while the average price for exports to Lithuania ($10,105 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in Estonia (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $10,621 per ton in 2022, waning by -9.6% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood; statuettes and other ornaments of wood increased by +45.1% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum at $11,745 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($17,566 per ton), while the price for Indonesia ($4,170 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+47.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Wood; Statuettes and Other Ornaments of Wood in Estonia

In 2022, overseas shipments of wood; statuettes and other ornaments of wood increased by 25% to 41 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt slump.

In value terms, exports of wood; statuettes and other ornaments of wood fell slightly to $862K in 2022. In general, exports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $905K, and then declined slightly in the following year.

Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Estonia in 2022:

1. Norway (12.7 tons)
2. Finland (7.5 tons)
3. Germany (6.2 tons)
4. Sweden (3.9 tons)
5. Czech Republic (2.4 tons)
6. United States (1.9 tons)
7. Russia (1.9 tons)

Imports of Wood; Statuettes and Other Ornaments of Wood in Estonia

After two years of decline, overseas purchases of wood; statuettes and other ornaments of wood increased by 13% to 42 tons in 2022. In general, imports, however, showed a deep reduction.

In value terms, imports of wood; statuettes and other ornaments of wood rose to $442K in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 8.6% against the previous year. As a result, imports attained the peak of $453K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Estonia in 2022:

1. China (8.7 tons)
2. Finland (6.2 tons)
3. India (5.1 tons)
4. Russia (5.1 tons)
5. Poland (4.2 tons)
6. Ukraine (2.4 tons)
7. Latvia (2.3 tons)
8. Netherlands (2.0 tons)
9. Indonesia (1.8 tons)

Source: IndexBox Market Intelligence Platform